---
title: "Establishment of a Joint Venture Development Company"
ocid: "ocds-h6vhtk-02d3de"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02d3de"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02d3de.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02d3de.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "PENDLE BOROUGH COUNCIL"
published: "2022-09-15"
---

# Establishment of a Joint Venture Development Company

Buyer: PENDLE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-02d3de

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## Summary

The Borough Council of Pendle is seeking to establish a long-term partnership through the creation of a Joint Venture Development Company (JV) in the construction industry. The Council aims to regenerate Nelson and facilitate economic growth by partnering with the private sector. The Council expects the JV partner to invest in and deliver a range of regeneration projects over a 15-year period, split into an initial 10 years with an option to extend for a further 5 years.

This procurement presents an opportunity for businesses experienced in regeneration and economic development projects to collaborate with Pendle Borough Council. The selected development partner will need to have the capability to invest in the JV, complement the Council's investment, and facilitate funding drawdown. This competitive procedure with negotiation offers a significant total contract value of £200 million, with a strategic focus on enhancing public and private sector collaboration for sustainable growth and development in Pendle.

## Notice

The Borough Council of Pendle (The Council) is seeking to establish a long term partnership through the creation of a Joint Venture Development Company (JV) with a private sector organisation or consortium to contribute to the regeneration and economic growth of the Borough of Pendle. It is envisaged that the Council will, where it is applicable and at the agreement of both partners, transfer sites to the JV for development at an independently assessed value. The initial development opportunities will be in Nelson, in particular the delivery of projects arising from Nelson Town Deal www.nelsontowndeal.co.uk. A Town Investment Plan was submitted in February 2021 to the Ministry of Housing, Communities and Local Government seeking PS29.9m of investment with the intention that this would lever in a further PS40m from public and private sector sources. A Heads of Terms offer for PS25m has now been received and the Council and Town Deal Board are undertaking a process of reviewing the projects in line with the reduced funding. It is the intention of the Council to work in partnership with the selected development partner to identify further sites or buildings, either in the Council's ownership, other public sector ownership, or in private ownership, for development across the Borough over the term of the appointment. The Council expects that the private sector development partner in the JV will be experienced in undertaking a range of regeneration and economic development projects and be capable of offering full design, specification and delivery. Fundamental to the Council's requirements is that the development partner is capable of investing in the JV to complement the Council's investment and facilitate the draw down of funding, both from the public and private sector, to provide the financial capacity for projects. The entire term of the contract is 15 years, split into an 10 year initial period plus an option to extend for a further period of 5 years.

### Lot Information

Lot 1

The Borough Council of Pendle (The Council) is seeking to establish a long term partnership through the creation of a Joint Venture Development Company (JV) with a private sector organisation or consortium to contribute to the regeneration and economic growth of the Borough of Pendle. It is envisaged that the Council will, where it is applicable and at the agreement of both partners, transfer sites to the JV for development at an independently assessed value. The initial development opportunities will be in Nelson, in particular the delivery of projects arising from Nelson Town Deal www.nelsontowndeal.co.uk. A Town Investment Plan was submitted in February 2021 to the Ministry of Housing, Communities and Local Government seeking PS29.9m of investment with the intention that this would lever in a further PS40m from public and private sector sources. A Heads of Terms offer for PS25m has now been received and the Council and Town Deal Board are undertaking a process of reviewing the projects in line with the reduced funding. It is the intention of the Council to work in partnership with the selected development partner to identify further sites or buildings, either in the Council's ownership, other public sector ownership, or in private ownership, for development across the Borough over the term of the appointment. The Council expects that the private sector development partner in the JV will be experienced in undertaking a range of regeneration and economic development projects and be capable of offering full design, specification and delivery. Fundamental to the Council's requirements is that the development partner is capable of investing in the JV to complement the Council's investment and facilitate the draw down of funding, both from the public and private sector, to provide the financial capacity for projects. The entire term of the contract is 15 years, split into an 10 year initial period plus an option to extend for a further period of 5 years. Additional information: The estimated contract value for the full 15 year period is PS200m, based on an initial 10 years term with an option to extend for up to a further 5 years. With regards to sections II.1.7. (Total value of the procurement) and V.2.4. (Information on value of the contract/lot), the estimated minimum contract value is based on the initial 10 years term and is estimated at a pro rata value of PS133m. The maximum value is PS200m as per the full 15 years contract term.

Renewal: The entire term of the contract is 15 years, split into an 10 year initial period plus an option to extend for a further period of 5 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/025870-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Sep 2022 |
| Submission deadline | 13 Sep 2021 |
| Future notice date | Not specified |
| Award date | 12 Jul 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £200,000,000 |
| Lots value | £200,000,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | PENDLE BOROUGH COUNCIL |
| Additional buyers | THE BOROUGH COUNCIL OF PENDLE |
| Locality | NELSON |
| Post town | Blackburn |
| Postcode | BB9 7LG |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD4 Lancashire |
| ITL 3 | TLD46 East Lancashire |
| Local authority | Pendle |
| Electoral ward | Bradley |
| Westminster constituency | Pendle and Clitheroe |
| Delivery location | TLD4 Lancashire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BROOKHOUSE GROUP |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work

## Release History

- 15 Sep 2022 at 07:49 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/025870-2022
- 12 Aug 2021 at 11:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/019567-2021

## Notice URLs

- http://www.pendle.gov.uk
- http://www.pendle.gov.uk/
- http://www.the-chest.org.uk
- http://www.the-chest.org.uk/
- https://procontract.due-north.com/Advert/Index?advertId=b4fd5d0e-bdf9-eb11-810d-005056b64545

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02d3de. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02d3de.json.